Corvus Insurance completes acquisition of Coverholder Tarian Underwriting Limited
Corvus Insurance, the US-based provider of smart commercial insurance products powered by AI-driven risk data, recently announced that it has acquired Tarian Underwriting Limited from Beat Capital Partners Ltd.
Tarian is a cyber underwriting platform providing solutions to an ever-changing cyber risk environment and underwrites on behalf of a consortium of Lloyd’s syndicates.
Based in London, Tarian’s international footprint covers the UK, US, Middle East, Canada, and Australia. With this deal, Corvus has become the first Cyber InsurTech to acquire a London underwriting platform, instantly providing global underwriting capabilities and access to Lloyd’s cyber insurance capacity. Tarian will be rebranded as Corvus Underwriting Limited.
Phil Edmundson, Founder and CEO of Corvus Insurance, commented: “Tarian has expanded its capacity for 2022, which is a testament to its underwriting discipline and strategy. We are thrilled to continue this growth and to bring the entire Tarian team on board, as they share our mission to make the world a safer place.”
The team at Tarian has been creating tailored solutions for cyber and technology insurance risks since 2016.
“We founded Tarian as a group with extensive market experience that saw an opportunity to set up a customer-centric company that was focused on entrepreneurial and tailored solutions to improve the standard of cyber and technology insurance risk,” said Geoff Pryor-White, CEO of Tarian. “Now as a part of Corvus, and with greater access to its data-driven insurance technologies, we can continue our founding mission and support our policyholders as one, dynamic team.”
Corvus is coming off tremendous growth in 2021. Following its $115M Series C funding round in the Spring, Corvus appointed new c-suite executives and announced a new Risk Aggregation Platform to address systemic cyber risk aggregations.
Details regarding the size of the Tarian Underwriting Limited acquisition were not released.